land buy

jinnyjane · May 26th, 2007, 14:21

Hey,

I'll be moving to India after a long time. I've been living in the USA for some time now but am still an Indian Citizen. Once I go back I'll be buying some government land. But i've heard ownership means 99 years. IS that true ? What happens after that? Will my son have to buy the land again after 99 years is complete ?

Nick-H · May 26th, 2007, 18:12

Hello Jinnyjane, welcome to IndiaMike

There is certainly such a thing as freehold (though I'm not sure if that is the word for it), and it is possible to buy land so that you and your heirs will own it for ever.

As to the land you are interested in (you say Government land...), then whether you are buying freehold or leasehold will depend on the deal being offered.

Bear in mind that some states have more restrictive local laws than the national laws on land ownership, and that there are regulations affecting who can buy agricultural land that do not apply to residential land.

Be careful to research fully --- and to employ a good advocate that you can trust.

Real Estate business ('immovable property') in India is fraught with pitfalls and scams: beware! And good luck!

Moderator note: Please only post once in the most appropriate forum. I've deleted your duplicate posts and moved this one to a more appropriate place.

That way you are more likely to get good replies

GoanCanuck · May 30th, 2007, 12:39

Quote:

Originally Posted by Nick-H

Bear in mind that some states have more restrictive local laws than the national laws on land ownership, and that there are regulations affecting who can buy agricultural land that do not apply to residential land.

There is a an important and controversial case on this topic before the courts at the moment.
http://in.rediff.com/news/2007/may/30up.htm

May 26th, 2007, 14:21	#1
jinnyjane Member Join Date: May 2007 Location: Nagoya Posts: 1	land buy Hey, I'll be moving to India after a long time. I've been living in the USA for some time now but am still an Indian Citizen. Once I go back I'll be buying some government land. But i've heard ownership means 99 years. IS that true ? What happens after that? Will my son have to buy the land again after 99 years is complete ?

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May 26th, 2007, 18:12	#2
Nick-H This is just a cameo appearance Join Date: Oct 2004 Location: Chennai, India Posts: 36,203	Hello Jinnyjane, welcome to IndiaMike There is certainly such a thing as freehold (though I'm not sure if that is the word for it), and it is possible to buy land so that you and your heirs will own it for ever. As to the land you are interested in (you say Government land...), then whether you are buying freehold or leasehold will depend on the deal being offered. Bear in mind that some states have more restrictive local laws than the national laws on land ownership, and that there are regulations affecting who can buy agricultural land that do not apply to residential land. Be careful to research fully --- and to employ a good advocate that you can trust. Real Estate business ('immovable property') in India is fraught with pitfalls and scams: beware! And good luck! Moderator note: Please only post once in the most appropriate forum. I've deleted your duplicate posts and moved this one to a more appropriate place. That way you are more likely to get good replies